Singapore markets closed
  • Straits Times Index

    3,111.65
    +18.85 (+0.61%)
     
  • Nikkei

    26,491.97
    +320.72 (+1.23%)
     
  • Hang Seng

    21,719.06
    +445.19 (+2.09%)
     
  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     
  • BTC-USD

    21,431.29
    +292.67 (+1.38%)
     
  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     
  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     
  • Dow

    31,500.68
    +823.32 (+2.68%)
     
  • Nasdaq

    11,607.62
    +375.43 (+3.34%)
     
  • Gold

    1,828.10
    -1.70 (-0.09%)
     
  • Crude Oil

    107.06
    +2.79 (+2.68%)
     
  • 10-Yr Bond

    3.1250
    +0.0570 (+1.86%)
     
  • FTSE Bursa Malaysia

    1,436.70
    +5.65 (+0.39%)
     
  • Jakarta Composite Index

    7,042.94
    +44.67 (+0.64%)
     
  • PSE Index

    6,217.56
    +152.33 (+2.51%)
     

Starbucks to Cover Worker Travel Expenses for Medical Treatment

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

By Liz Moyer

Investing.com -- Starbucks Corporation (NASDAQ:SBUX) shares are down 3.5% in Monday trading after the coffee chain joined other large employers in agreeing to reimburse workers for travel expenses if they need to seek medical treatment away from home.

Specifically, the company said "Regardless of where you live or what you believe, partners enrolled in Starbucks healthcare will now be offered reimbursement for eligible travel expenses when accessing abortion or gender-affirming procedures when those services are not available within 100 miles of a partner’s home. This benefit will also apply to dependents of partners enrolled in Starbucks healthcare," according to a letter on the company's website by Starbucks' Sara Kelly, acting executive vice president of Partner Resources.

Recently, Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Citigroup Inc (NYSE:C), and Microsoft Corporation (NASDAQ:MSFT) have instituted similar policies, prompted by the possibility that the Supreme Court could strike down the 1973 Roe v. Wade decision that ensured access to abortion.

Starbucks has 240,000 U.S. employees, and the company has been clashing with some workers as they vote to form unions at stores in the U.S.

So far this year, Starbucks shares are down 37%.

Related Articles

Starbucks to Cover Worker Travel Expenses for Medical Treatment

Yields slip, stocks struggle as economic fears grow

Netflix, Meta dumped by hedge funds as tech sell-off continues

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting